[Marinir] {Disarmed} (TSX-V: MMV) Mineral Mountain Drills 11.40 g/t Gold over 8 Metres incl 17.07 g/t Gold over 5 Metres
Infostock
info at infostockbiz.com
Wed Nov 28 14:28:10 CET 2012
Click here
http://www.actonsoftware.com/acton/ct/1523/s-0186-1211/Bct/l-0002/l-0002:15bcd/ct0_1/1
to view this message in a browser window
http://www.mineralmtn.com/s/Home.asp
MINERAL MOUNTAIN ANNOUNCES FIRST HIGH GRADE DRILL RESULTS FROM THE
BISMARCK MINE, HOLY TERROR PROJECT, SOUTH DAKOTA, USA
HIGHLIGHTS:
INITIAL DRILLING AT BISMARCK MINE CONFIRMS HISTORICAL HIGH GRADE GOLD
ZONES
HT-12-006: 11.40 G/T (0.33 OZ/T) AU OVER 8.00M INCLUDING 17.07 G/T (0.50
OZ/T) AU OVER 5.00M
HT-12-003: 10.02 G/T AU (0.29 OZ/T) AU OVER 3.90M
HT-12-002: 4.95 G/T (0.14 OZ/T) AU OVER 10.59M INCLUDING 7.14 G/T (0.21
OZ/T) AU OVER 4.82M
NEW GOLD HORIZONS IDENTIFIED: HT-12-003: 4.02 G/T (0.12 OZ/T) AU OVER
10.02M, INCLUDING 6.53 G/T (0.19 OZ/T) AU OVER 1.82M:
PRESENTLY DRILL TESTED TO 120M VERTICAL DEPTH - ZONES REMAIN OPEN
Mineral Mountain Resources Ltd. (TSX-V: MMV
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=MMV®ion=C&lookup=symbol&snapshot=default
) (OTCQX: MNRL
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=MNRL®ion=U&lookup=symbol&snapshot=default
) and its joint venture partner the Holy Terror Mining Company ("Holy
Terror Mining") are pleased to announce initial drilling results from
the ongoing Phase I exploratory and confirmation diamond drilling
program at the Bismarck Mine at the Holy Terror Project ("HTP") located
55 kilometres southwest of the formerly producing Homestake Mine in
South Dakota, USA.
Highlights from the first six drill holes at the Bismarck Mine include
11.40 g/t (0.33 oz/t) Au over 8.00m including 17.07 g/t (0.50 oz/t) Au
over 5.00m, 10.02 g/t Au (0.29 oz/t) Au over 3.90m, 5.54 g/t Au (0.16
oz/t) Au over 6.92m, 4.02 g/t (0.12 oz/t) Au over 10.02m, 4.95 g/t (0.14
oz/t) Au over 10.59m including 7.14 g/t (0.21 oz/t) Au over 4.82m .
Length weighted gold composites for all drill hole assays received to
date are outlined in Table 1.
Discussion of Initial Drill Results
The Phase I diamond drilling program (~3,000m budgeted) is designed to
not only confirm previous operators historical drill results but also to
determine the potential for additional high grade gold bearing horizons
beyond the limits of the known mining. Eleven drill holes totalling
1,872m were drilled from two setups in the Bismarck Mine area. Gold
assays for the first six drill holes on Setup 1 (HT-12-001 through
HT-12-006 inclusive) have been received and are presented in this
release. Results for the remaining five Bismarck drill holes are
pending.
Historical drilling by both Homestake Mining Company (1983-1988) and
Energy Fuels Corporation (1993-1994) in the Bismarck area was directed
at testing the near surface extension (less than 200m vertical depth) of
the main Bismarck horizon. However, sampling of the core by both
companies was sporadic and incomplete. By adopting the in-house policy
of complete sampling of all Phase I drill core, Mineral Mountain was
successful in confirming and expanding its predecessor's results as well
as identifying new gold mineralization including 4.02 G/T (0.12 OZ/T) AU
OVER 10.02M, INCLUDING 6.53 G/T (0.19 OZ/T) AU OVER 1.82M . The newly
identified, near surface mineralization occurs in the hanging wall
approximately 60m northeast of the main Bismarck gold zone and is open
in all directions. In light of this new information, the larger
structural corridor that is host to the gold zones at Bismarck is now in
excess of 80m wide. The true size of this corridor has yet to be
determined due to the paucity of historical drilling and sampling.
Additional drill testing of this new target area is being planned for
Phase II.
Bismarck Mine Overview
The Bismarck Mine is but one of twelve turn of the century past
producing gold mines within the extensive Holy Terror Project land
holdings. Based upon historical records, the mine operated
intermittently from 1904-1907 and ceased production due to lack of water
for the stamp mill. Mine development includes a 425' shaft, open cut,
and four levels of which only two shrinkage stopes on the 100' level
were mined. Gold mineralization at the Bismarck occurs in well-defined
brittle-ductile shear zones, often close to bodies of intrusive gabbro,
and, where major fault systems have intersected schistose pelitic
sediments, conglomerates, and, most importantly sulphide-facies iron
formation which was a critical host rock for ores at the Homestake Mine.
Exploration Update
Eleven (11) diamond drill holes have been completed at the Bismarck Mine
area from two drill setups totaling 1,872m. The drill has been relocated
to the eastern portion of the property and is currently testing the
Bullion, Keystone and Holy Terror Mines, which occur on three regional,
parallel gold structures within a 400m wide corridor. The Company
currently has permits in place from the South Dakota Department of
Environment and Natural Resources (DENR), to drill 400 diamond drill
holes.
Commentary
Nelson W. Baker, President and CEO of Mineral Mountain Resources
comments:
"These first drill results from the Phase I program at the Bismarck Mine
are truly exciting. Not only did the drilling demonstrate robust grades
and widths potentially amenable to underground mining methods, but more
importantly the exceptional exploration potential of the entire gold
system in the Keystone area which we have just begun to explore. The
Holy Terror Project, with its numerous former high grade gold producers,
discontinuous exploration history, incredible infrastructure and
scarcity of historical drilling is one of the most unique exploration
opportunities that I have witnessed in my 43 year career. This is only
the first of four past producing mines that we intend to assess in this
preliminary round of drilling".
TABLE 1: Length-weighted drill hole gold composites for Bismarck Mine
Area (Drill Setup 1). Gold assay top cutting has not been applied. Drill
hole intersections do not represent true widths, there is insufficient
drilling on these zones to determine the true width of the drill hole
intercepts at this time.
Drill hole From
(m) To
(m) Core Length
(m) Au
(g/t) Au
(oz/t) Vertical Depth
(m) Comment
HT-12-001 18.41 25.33 6.92 5.54 0.16 18 Bismarck Main Zone
INCLUDING 22.36 25.33 2.97 7.02 0.20 18 Bismarck Main Zone
HT-12-002 15.75 26.34 10.59 4.95 0.14 15 Bismarck Main Zone
INCLUDING 17.07 21.89 4.82 7.14 0.21 15 Bismarck Main Zone
HT-12-003 26.58 30.48 3.90 10.02 0.29 23 Bismarck Main Zone
HT-12-003 35.59 36.76 1.17 4.31 0.13 30 Bismarck Main Zone
HT-12-003 69.37 70.35 0.98 5.15 0.15 57 Bismarck New Horizon
HT-12-003 84.08 85.93 1.85 10.29 0.30 70 Bismarck New Horizon
HT-12-003 102.60 112.62 10.02 4.02 0.12 88 Bismarck New Horizon
INCLUDING 104.60 105.66 1.06 7.46 0.22 86 Bismarck New Horizon
AND 107.70 108.73 1.03 8.24 0.24 89 Bismarck New Horizon
AND 110.80 112.62 1.82 6.53 0.19 92 Bismarck New Horizon
HT-12-003 123.31 124.28 0.97 6.10 0.18 101 Bismarck New Horizon
HT-12-003 143.33 144.32 0.99 5.02 0.15 118 Bismarck New Horizon
HT-12-004 112.22 113.05 0.83 9.71 0.28 77 Bismarck New Horizon
HT-12-005 13.52 21.20 7.68 4.35 0.13 14 Bismarck Main Zone
INCLUDING 13.52 17.00 3.48 6.97 0.20 12 Bismarck Main Zone
HT-12-005 26.80 28.19 1.39 4.93 0.14 22 Bismarck Main Zone
HT-12-006 7.22 15.22 8.00 11.40 0.33 7 Bismarck Main Zone
INCLUDING 7.22 12.22 5.00 17.07 0.50 7 Bismarck Main Zone
INCLUDING 8.22 11.22 3.00 24.00 0.70 7 Bismarck Main Zone
Qualified Persons
The technical information in this news release has been prepared in
accordance with Canadian regulatory requirements set out in National
Instrument 43-101 ("NI 43-101") and reviewed and approved by Nelson W.
Baker, P.Eng. President and CEO of Mineral Mountain Resources Ltd. and a
Qualified Person. The exploration activities at the Holy Terror Project
are carried out under the supervision of N. Wally Rayner P. Geo., Vice
President, Exploration and implemented by Project Manager Kevin Leonard
P. Geo., both being Qualified Persons for this project.
Quality Control
Drill core samples are transported, handled and stored with chain of
custody procedures. Core is sawn or split in representative halves with
one half submitted to the laboratory for analysis and the second half
saved for archival purposes. Typical core samples are 0.5 to 1.5 m in
length. Gold (Au) assays are by 30 g fire assay with atomic absorption
finish with a lower limit of 0.005 ppm and upper limit of 10 ppm. The 48
element geochemical package, including silver (Ag), uses a 4 acid
digestion followed by Induced Coupled Plasma with Atomic Emission
Spectrometry (ICP-AES) and Mass Spectrometry (ICP-MS), when gold values
are greater than 10 ppm then the sample is re analyzed using fire assay
with a gravimetric finish. All over limits are also analyzed using the
screened metallic method.
The laboratory for the Holy Terror Project is ALS located in Reno
Nevada. ALS is a certified laboratory that used standard reference
material and duplicate sampling to ensure quality control. Mineral
Mountain routinely sends a set of 4 blind standards as well as one blank
sample with every shipment of core. The results of the analysis of the
standard material are continuously reviewed to ensure quality assurance.
About Mineral Mountain and the Holy Terror Project
Mineral Mountain Resources Ltd., through its wholly owned subsidiary
Mineral Mountain Resources (SD) Inc., is focused on the exploration and,
if warranted, development of its key asset, the Holy Terror Project in
the Keystone Mining district in the southeastern part of the Black Hills
of South Dakota. The Holy Terror Project is centered along the
southwestern extension of the Homestake Gold Trend and covers
approximately 4000 acres straddling a major gold bearing structural
corridor measuring about 15 km in strike length and 1.5 km in width. The
Keystone District contains historic gold mines, eight of which occur
within the Holy Terror Project. Production of these mines came from
early Proterozoic gold mineralization associated with iron formation,
and shear zones similar to the deposits at the former Homestake gold
mine which, over 120 years produced 40 million ounces of gold in the
northern Black Hills. The Holy Terror Project is very well located near
Rapid City where it can be easily accessed by a network of roads and has
hydro-electricity and modern internet services to the drill site. As
well, the area has a skilled labour force and is a low cost exploration
area. South Dakota has low political risk and a jurisdiction that
embraces mineral development.
A technical report prepared by SRK Consulting entitled "Technical Report
for the Holy Terror Project, South Dakota, USA" dated June 20, 2012 (the
technical report) is available on the Mineral Mountain website (
www.mineralmtn.com
http://www.mineralmtn.com
) or under Mineral Mountain's profile on SEDAR ( www.sedar.com
http://www.sedar.com
).
On Behalf of the Board of Directors
MINERAL MOUNTAIN RESOURCES LTD.
"Nelson W. Baker", President and CEO
For further information, please contact
Brad Baker, Vice-President Corporate Development & Director
(778) 383-3975 bbaker at mineralmtn.com
Or visit our website: www.mineralmtn.com
http://www.mineralmtn.com
Reader Advisory
Neither TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed to be
"forward-looking information" under Canadian securities laws. All
statements in this release, other than statements of historical facts,
that address events or developments that the Company expects to occur,
constitute forward looking-information. Forward looking information
consists of statements that are not historical facts and are generally,
but not always, identified by the words "expects", "plans", "could" or
"should" occur. Although the Company believes the expectations expressed
in such forward-looking information are based on reasonable assumptions,
such information does not constitute guarantees of future performance
and actual results may differ materially from those in forward-looking
information. Factors that cause the actual results to differ materially
from those in forward-looking information include gold prices, results
of exploration and development activities, regulatory changes, defects
in title, availability of materials and equipment, timeliness of
government approvals, continued availability of capital and financing
and general economic, market or business conditions. The Company
cautions the foregoing list of important factors is not exhaustive.
Investors and others who base themselves on the Company's
forward-looking information should carefully consider the above factors
as well as the uncertainties they represent and the risk they entail.
The Company believes that the expectations reflected in the
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be correct. Please see the
public filings of the Company at www.sedar.com for further information.
For more information about this service, please see:
www.infostockbiz.com
http://www.infostockbiz.com
--------------------------------------------------------------------------------
*********************************************************************
Disclaimer: KCrew Communications was paid to distribute this Infostock bulletin.
KCrew Communications may or may not own securities in this particular company.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
You are on this mailing list because you registered for Infostock.
You may opt out at any time using the unsubscribe feature at the bottom of this email.
For more information about this service, please see http://www.infostockbiz.com
http://www.infostockbiz.com
KCrew Communications Inc. at 1.866.465.3616
Suite 1250 - 789 West Pender St., Vancouver, BC Canada V6C1H2.
This email complies with the US Federal CAN-SPAM Act of 2003
*********************************************************************
If you do not wish to receive futher emails Click Here
http://www.actonsoftware.com/acton/rif/1523/s-0186-1211/-/l-0002:15bcd/l-0002/zout
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://www.polarhome.com/pipermail/munindo/attachments/20121128/4051c563/attachment-0001.html>
More information about the Munindo
mailing list